2022-04-05-accounts

THE AU)AMA VOUNDATION ANIWAL REPORT AND FINAYCJAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

		Page
Trustee's Annual Report		1-4
Independent Auditor's	Report	5-6
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Schedule ofInvestments and Income		10
Notes to the Financial	Statements	11-]6

					2022	2022	2021
				Note	Unrestricted	Total	Prior year
					funds	funds	total funds
Income from:
Donations and	legacies				751,649	751,649
Investments					45,347	45,347	54,654
Total					796,996	796,996	54,654
Expenditure	on:
Raising funds					2,317	2,317	2,055
Charitable activities					3,291,643	3,291,643	880,390
Total					3,293,960	3,293,960	882,445
Net incomel(expenditure)					(2,496,964)	(2,496,964)	(827,791)
Gains/(losses)	on investment		assets		286,834	286,834	1,258,963
Net movement	in funds				(2,210,130)	(2,210,130)	431,172
Reconciliation	offunds:
Total funds brought		forward			5,529,573	5,529,573	5,098,401
Total funds carried		forward			3,319,443	3,319,443	5,529,573

				BALANCE	BALANCE	SHEET
				AS AT 5APRIL 2022
							Note	2022	2021
								Total	Prior year
								funds	funds
Fixed Assets:
Investments								5,445,445	5,580,374
Total Fixed Assets								5,445,445	5,580,374
Current Assets:
Cash at bank							12	390,372	455,374
Total Current Assets								390,372	455,374
Liabilities:
Creditors: Amounts	falling	due	within	one year			13	(986,374)	(306,175)
Net Current Assets	or Liabilities							(596,002)	]49,199
Total Assets less Current		Liabilities						4,849,443	5,729,573
Creditors: Amounts	falling	due	after more than		1 year		14	(],530,000)	(200,000)
Total Net Assets or	Liabilities							3,319,443	5,529,573
The Funds ofthe Charity:
Unrestricted funds								3,319,443	5,529,573
Total Charity Funds								3,319,443	5,529,573
			18January 2023
Approved by the Trustee on						and signed	on its behalf by:

F	ORTHE	Y	EAR ENDED 5A	PRIL 2022
				Note	2022	2021
					Total	Prior year
					funds	funds
Cash generate from operating	activities:
Net cash provided by (used in) operating		activities		17	(532,]12)	(460,345)
Cash flows from other sources:
Dividends, interest and rents from investments					45,347	54,654
Proceeds from sale ofinvestment					1,173,412	673,621
					1,218,759	728,275
Application ofcash:
Purchase ofinvestments					(75],649)	(3)
					(751,649)	(3)
Net increase/(decrease) in cash					(65,002)	267,927
Cash at bank and in hand less overdrafts		at	the beginning		455,374	187,447
ofthe year
Cash at bank and in hand less overdrafts			at year end	18	390,372	455,374

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3.	Remuneration ofTruste	Remuneration ofTruste	es	es	es
	In the financial year to		5 April 2022 the Trustee			did not receive		any	remuneration	or have its
	expenses reimbursed by		the Charity.	Dickinson	Trust Limited		charged		administration	expenses of
	826918[2021:f24425].
4.	Donations	and legacies							2022	2021
									8
	Stocks and	shares gifted	by Settlors						751,649
									751,649
5.	Investment	income							2022	2021
	Income from investments								45,185	54,421
	Gross bank	interest							162	230
	US Dollar deposit interest									3
									45,347	54,654
6.	Expenditure	on raising	funds						2022	2021
	Investment	management	fees						2,317	2,055
									2,317	2,055
7.	Charitable	activities					Direct		Support
							costs		costs
						(see	note	8)	(see note 9)	Total
	Charitable expenditure					3,261,314			30,329	3,291,643

	in furtherance ofits charitab	le	obj	ecti	ves.	These are as foll	ows:
	National Gallery								1,125,000
	Science Museum								500,000
	Royal Botanic Gardens Kew								250,000
	World Monuments- Palm House Kew								250,000
	Francis Crick Institute								240,000
	Institute ofCancer Research								240,000
	Pallan House Gallery								200,000
	Trussell Trust								120,000
	Fareshare								]20,000
	Save Britain's Heritage								25,000
									3,070,000
	Other grants (equal to or individually				less	than f20,000)			19],314
	Total charitable activities	for the year							3,261,314
	Analysis ofgrants made						Grants to	Grants to
							institutions	individuals	Total
							g
	Prevention or relief ofpoverty						7,520		7,520
	Advancement ofeducation						10,000		10,000
	Advancement ofhealth or the		saving		oflives		485,250		485,250
	Advancement ofcitizenship	or community				development	11,000		11,000
	Advancement ofthe arts, culture,			heritage		or science	2,420,113		2,420, 1 13
	Relief ofthose in need, by	reason		ofyouth, age, ill-health,
	disability, financial hardship		or	other disadvantage			327,431		327,43 I
							3,261,314		3,26],314
9.	Support costs							2022	2021
								g
	Administration expenses							26,918	24,425
	Bank charges							28	27
	Legal Entity Identification	number fee						74	70
	Portfolio Stewardship fees							3,309	3,812
								30,329	28,334

Fixed asset investments	Fixed asset investments	2022	2021
Market value	brought forward	5,580,374	4,995,029
Additions		751,649
Less disposal	proceeds	(1,173,412)	(673,621)
Net gains/(losses) on investments		286,834	1,258,963
Market value	carried forward	5,445,445	5,580,374
Geographical	analysis	2022	2021
United Kingdom investments		5,445,445	5,580,374
		5,445,445	5,580,374

	f186683]and unrealised g	ains on	revalu	ation to market value off1	08807[2021: gain f,	1072280].
12.	Cash at bank				2022	2021
	Royal Bank ofScotland				49,259	80,708
	Schroder &Co Limited				341,113	374,666
					390,372	455,374
13.	Creditors: Amounts falling due		within	one year	2022	2021f
	Trustees' fees				374	(895)
	Payments due to charities				986,000	307,000
	Legal Entity Identification	number	fee			70
					986,374	306,175
14.	Creditors: Amounts falling due		after	more than one year	2022	2021
	Payments due to charities				1,530,000	200,000
					1,530,000	200,000

15.	Commitments made				Annual	Number	Total
					value	ofyears
	No conditions attached:
	Chelsea Society				81,000		1,000
	John Paul II Foundation	for Sport			f10,000		10,000
	SAVE				625,000		25,000
	Liverpool School ofTropical Medicine				550,000		50,000
	Francis Crick Institute				f65,000		130,000
	Francis Crick Institute				f60,000		180,000
	Trussel1 Trust				fI20,000		120,000
	Fareshare				8120,000		120,000
	Science Museum				6100,000		400,000
	World Mon uments				8100,000		200,000
	Royal Botanic Gardens	Kew			1.50,000		200,000
	Institute ofCancer Research				860,000		180,000
	National Gallery				f225,000		900,000
							2,516,000
	Conditions attached:
	World Monuments Fund				f25,000	no limit set	n/a
	Sir John Soane Museum				X9,250	no limit set	n/a
	Decc'an Heritage Gallery				f5,000	no limit set	n/a
	Pal lant House Gallery				81,000	no limit set	n/a
	Camden Music Trust				f5,000	no limit set	n/a
	SAVE				825,000	no limit set	n/a
	Royal College ofMusic				810,000	no limit set	n/a
	AIDS Ark				85,000	no limit set	n/a
	Garden Museum				f700	no limit set	n/a
	Sussex Community Foundation				810,000	no limit set	n/a
16.	Movement in funds					2022	2021
	Unrestricted funds:
	Balance brought fonvard					5,529,573	5,098,401
	Net movement in funds					(2,2] 0,130)	431,172
	Balance carried forward					3,319,443	5,529,573
	Net movement in funds included		in the above	are as follows;
						Gains and	Movement
				Income	Outgoings	losses	in funds
					g		g
	Unrestricted funds			796,996	(3,293,960)	286,834	(2,2]0,130)

FORTHE YEA	FORTHE YEA	R ENDED 5APRIL 2022	R ENDED 5APRIL 2022
17.Reconciliation ofnet income/(expenditure)		to net cashflow from Operating Activities
			2022	2021
Net income/(expenditure)	(as per the Statement ofFinancial Activities)		(2,496,964)	(827,791)
Adjustments for:
Dividends, interest and rent from investments			(45,347)	(54,654)
Increase/(decrease) in creditors			2,010,199	422,100
Net cash provided by/(used	in) Operating Activities		(532,]12)	(460,345)
18.Analysis ofcash at bank	and in hand less	overdrafts	2022	2021
Cash at bank and in hand			390,372	455,374
			390,372	455,374